Brean Capital Increases NetEase Inc. (NTES) Price Target to $310.00

NetEase Inc. (NASDAQ:NTES) had its target price lifted by Brean Capital from $235.00 to $310.00 in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Brean Capital’s target price would suggest a potential upside of 32.16% from the stock’s previous close.

NTES has been the subject of a number of other reports. Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $232.00 target price for the company in a report on Thursday, July 28th. Vetr cut NetEase from a “sell” rating to a “strong sell” rating and set a $210.98 target price for the company. in a report on Monday, September 19th. Morgan Stanley increased their target price on NetEase from $195.00 to $233.00 and gave the stock an “overweight” rating in a report on Thursday. T.H. Capital reissued a “buy” rating and issued a $297.00 target price (up from $227.00) on shares of NetEase in a report on Thursday, October 13th. Finally, Jefferies Group reissued a “hold” rating and issued a $245.00 target price on shares of NetEase in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $247.53.

Shares of NetEase (NASDAQ:NTES) opened at 234.57 on Thursday. The stock has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00. NetEase has a 1-year low of $129.60 and a 1-year high of $272.58.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 25th will be given a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.33%. NetEase’s payout ratio is 23.26%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. raised its position in shares of NetEase by 0.3% in the third quarter. American International Group Inc. now owns 4,396 shares of the company’s stock worth $1,058,000 after buying an additional 13 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of NetEase by 2.6% in the second quarter. 1st Global Advisors Inc. now owns 1,950 shares of the company’s stock worth $377,000 after buying an additional 49 shares during the last quarter. Nippon Life Insurance Co. raised its position in shares of NetEase by 8.9% in the third quarter. Nippon Life Insurance Co. now owns 783 shares of the company’s stock worth $189,000 after buying an additional 64 shares during the last quarter. Tdam USA Inc. raised its position in shares of NetEase by 4.3% in the third quarter. Tdam USA Inc. now owns 1,782 shares of the company’s stock worth $429,000 after buying an additional 74 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in shares of NetEase by 4.7% in the second quarter. Fulton Bank N.A. now owns 2,852 shares of the company’s stock worth $551,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 59.29% of the company’s stock.

About NetEase

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.